Market Overview

FirstClose Announces Key Executive Leadership Appointment

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FirstClose, a leading provider of technology solutions for mortgage
lenders nationwide, today announced the appointment of Patrick McClain
as chief financial officer and chief operating officer.

Mr. McClain has spent the last three decades guiding high growth global
technology, both public and private. Most recently, he served as CFO at
Xplore Technologies (NASDAQ:XPLR) and as executive vice president, CFO
and treasurer at Falconstar Software, a New York-based public company.
Previously, he served as CFO at Aurea Software (an ESW/Trilogy company)
and Rules-Based Medicine (Myriad RBM), both nationally recognized for
rapid growth and probability. Mr. McClain also has held senior
operational and financial roles at several financial institutions and FI
service providers. He started his career at Price Waterhouse Coopers.

"We are elated to bring Patrick on board, especially at this important
juncture for FirstClose as we position the company for accelerated
growth and industry leadership," said Tedd Smith, co-founder and chief
executive officer of FirstClose. "Patrick is a strong addition to our
executive management and leadership team. We look forward to leveraging
his experience to complement our strategic growth initiatives and to
better serve our valued clients with dedicated and experienced executive
veterans."

About FirstClose

Headquartered in Austin, Texas, FirstClose provides technology solutions
to mortgage lenders nationwide and serves as a middleware application
that provides access to a host of national and local real estate service
providers via the web or through direct integration into various loan
origination systems. The FirstClose reporting suite is the first
comprehensive solution with capabilities to deliver title, flood,
valuation and other important data elements in a single report. For more
information, visit www.firstclose.com.

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